Depreciation of dollar: minister hails government policies

14 Mar, 2014

Terming depreciation in worth of dollar against Pak rupee as good omen for national economy, the PML-N senior leader Mohammad Pervez Malik said positive economic indicators are ample proof that the present government is making all out efforts to put economy back on rails.
Talking to a delegation of businessmen at his office here Thursday, the PML-N leader said that Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar were sparing no effort to bring progress and prosperity back to this resourceful country. The days are not very far when Pakistan would be at par of the developed countries, he said, adding: "Well thought out economic policies of Nawaz Sharif's government were reaping the fruit and economy was on its path of recovery."
He said though the PML-N government assumed the charge only eight months ago but its performance had not caused considerable relief to the masses but the confidence of foreign investors had also gone up. He said that a strong rupee would not only bring inflation rate down but would also bring much-needed expansion in the industrial sector to create thousands of new jobs. He said that elimination of circular debt, winning of GSP Plus Status and now drastic cut in dollar rate are economic achievements that are being appreciated by the whole nation.

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